# The Commodities Feed: USD holds the market back | snaps | ING THINK

> Oil slipped more than 1.6% as a firmer dollar ahead of Jackson Hole weighed on commodities. OPEC+ meets September 1 and is expected to ease supply cuts by 400,000 bpd, while Tropical Storm Ida threatens US Gulf offshore platforms.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Crude weakness lowers biofuel and diesel cost signals, and Gulf disruption from Ida adds logistics risk for grain exports.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-09-21 | [The Commodities Feed: Risk-off move hits the complex \| snaps \| ING THINK](https://feedsoft.ai/events/6381-the-commodities-feed-risk-off-move-hits-the-complex-snaps-ing-think.md) | +7.4% | +14.2% |
| BRENT | 2022-02-11 | [The Commodities Feed: US Fed pressure weighs on the commodities complex \| snaps \| ING THINK](https://feedsoft.ai/events/42647-the-commodities-feed-us-fed-pressure-weighs-on-the-commodities-complex-snaps.md) | +0.3% | +19.2% |
| BRENT | 2023-10-03 | [The Commodities Feed: It’s all about the yields \| articles \| ING THINK](https://feedsoft.ai/events/33531-the-commodities-feed-it-s-all-about-the-yields-articles-ing-think.md) | -1.3% | -2.1% |
| BRENT | 2022-09-08 | [The Commodities Feed: USD strength and demand worries \| articles \| ING THINK](https://feedsoft.ai/events/14903-the-commodities-feed-usd-strength-and-demand-worries-articles-ing-think.md) | +6.9% | +7.4% |
| BRENT | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | -0.8% | +10.7% |
| WTI | 2021-09-21 | [The Commodities Feed: Risk-off move hits the complex \| snaps \| ING THINK](https://feedsoft.ai/events/6381-the-commodities-feed-risk-off-move-hits-the-complex-snaps-ing-think.md) | +7.3% | +17.3% |
| WTI | 2022-02-11 | [The Commodities Feed: US Fed pressure weighs on the commodities complex \| snaps \| ING THINK](https://feedsoft.ai/events/42647-the-commodities-feed-us-fed-pressure-weighs-on-the-commodities-complex-snaps.md) | +2.1% | +21.7% |
| WTI | 2023-10-03 | [The Commodities Feed: It’s all about the yields \| articles \| ING THINK](https://feedsoft.ai/events/33531-the-commodities-feed-it-s-all-about-the-yields-articles-ing-think.md) | -5.4% | -6.8% |

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-usd-holds-the-market-back/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.